S&P Global is set to acquire its portfolio company Kensho, a spinout from Harvard and MIT, in the largest such deal involving an AI developer to date.
Kensho Technologies, a US-based artificial intelligence spinout from Harvard University and Massachusetts Institute of Technology (MIT), yesterday agreed to an acquisition by financial services provider S&P Global for approximately $550m.
S&P Global will pay the $550m in a mix of stock and cash, making it the highest price paid for an artificial intelligence company to date, according to news publication Forbes.
The deal is subject to regulatory approval and customary closing conditions, and is set to conclude either late this…
